The bank handles a third of Singapore's 1,650 single family offices, said Mr Shee Tse Koon, head of consumer and wealth banking at DBS.
It is now also the third-largest private bank in Asia, excluding China, behind only UBS Group and HSBC Holdings, according to rankings by Asian Private Banker.
DBS' income from servicing rich clients rose to more than $2 billion in 2023, doubling from 2015.
It expects the same pace of increase in half that period as well-heeled people and family offices from various parts of the world head to Asia to park their money, said Mr Shee.
"Given the trajectory and traction we have had over the past years, our aim going forward is that by 2027 we want to double our wealth fees," he said in an interview with Bloomberg News this week.
Wealthy clients of South-east Asia's largest bank usually invest their cash to improve returns and many have also tapped DBS for their trust and legacy planning needs, he said.
この記事は The Straits Times の September 21, 2024 版に掲載されています。
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この記事は The Straits Times の September 21, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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